Governance Reforms: Overdue or Overdone?
The Australian Prudential Regulation Authority (APRA) has proposed eight measures to strengthen governance in regulated financial institutions, including banks, insurers, and registrable superannuation entity (RSE) licensees. APRA’s desired outcome is for entities to maintain a robust governance framework by requiring stronger governance practices, improved risk management and reduced likelihood of misconduct, loss and failure – […]
Privacy act reforms: How to Elevate Trust and Protect Your Business
The Privacy and Other Legislation Amendment Act 2024 (the Amendment Act) was passed on 29 November 2024 and received Royal Assent on 10 December 2024,
APRA’s priorities for 2023
APRA recently released its Policy Priorities and Supervision Priorities for 2023. Read the PFS Risk Consulting team’s essential guide to what your financial institution needs to know:
Addressing Group Insurance Operational Risk
PFS Principal, Sean Williamson, recently produced a thought-provoking article about Operational Risk inherent in Insurance in Superannuation.
PFS welcomes new Principals and expands services
PFS Consulting (PFS) continues to expand its actuarial, risk and regulatory expertise and services to support new and existing clients.
Individual Disability Income Insurance (IDII) in Australia
PFS Consulting would like to thank Principal Ian Laughlin and his team at the Actuaries Institute’s Disability Insurance Taskforce for all their great work in preparing this document.
How Should Aged Care be Funded?
The Aged Care Royal Commission is currently considering how aged care should be funded. During September 2020, Paul Keating put forward some interesting ideas about the role of the family home in financing aged care, which we think warrant further consideration.
Superannuation comes under scrutiny: Issues of note
The financial services royal commission turned its sights to Australia’s $2.6 trillion superannuation industry.
